Journey of HR From Industry 1.0 to 5.0 and the Road Ahead

Journey of HR From Industry 1.0 to 5.0 and the Road Ahead

Alpana Agarwal, Poornima Mathur, Sandeep Walia
Copyright: © 2023 |Pages: 13
DOI: 10.4018/978-1-6684-6403-8.ch009
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Abstract

Industrial revolutions are rapidly transforming the industry and redefining the world of work. Human resource management has also been affected largely by the industrial revolutions. So far, four industrial revolutions have been implemented. Each revolution came with certain positive and negative changes. For example, prior to the 18th century, HR was called personnel management and was limited to hiring, training, and administration. However, with these major revolutions in the industry, HR is now considered a business driver and includes a wide range of strategic activities. Now, discussions are going about the fifth industrial revolution. This chapter aims to elaborate on the changing business scenario, transition from industry 1.0 to 5.0, and its impact on HR. It is expected that the outcomes of the chapter will help the researchers and practitioners in understanding the technicalities and issues involved.
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2. Impact Of Various Industrial Revolutions On Human Resource Functions

Like any other functional area, human resource management has also progressed a lot in the last few centuries to address the outcomes of dynamic market conditions. Human resources are one of the most important determinants of productivity including management strategy, and capital. Moreover, changes taking place in the management philosophy and Technology has also disrupted human resource functions. Changes have been beneficial for the effective and efficient functioning of human Resource Management. Nevertheless, it has also posed several challenges for the HR function. This section is dedicated to throw some light on the four industrial revolutions and their impact on human resource management function.

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